The Radcliffe Select strategy, launched in May 2017, is an even more conservative extension of our Ultra Short Duration strategy. The strategy’s objective is to produce reliable income while limiting duration and credit risk by identifying the minority of BBB/BB short duration bonds with attractive yields and AA/A default risk.
For investors who are averse to fixed income and concerned about rising rates, we believe the Select strategy is an ideal way to seek defensive yields driven by alpha with a more attractive return profile than traditional cash alternatives or other ultra short duration funds, thereby potentially offering a solution for investors' most conservative allocations.